Tag: sponge monthly prices
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Bearish Demand Drives Down Indian Sponge Market during Apr’16
The month of April was quite bearish for Indian sponge manufacturers as prices showed a steep correction of INR 400/MT in major markets like Durgapur and Bellary. Besides, other markets, including Rourkela and Raipur registered a slight decline of INR 150/MT and INR 250/MT separately on monthly average premises. Whereas, global market reported positive price…